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Funding for Stirling Credit Union for Schemes in Schools

Junior Savers - Funding For Credit Unions To Set Up Schemes In Schools

Credit unions will be encouraging children to manage their money through new Junior Savers Schemes, Communities Secretary Angela Constance has announced.

Stirling Credit Union is  set to receive £20,000 to set up new projects in schools.

Additional funding will also be used to develop and produce a new Junior Savers toolkit which will provide booklets and online resources for both credit unions and schools to use to set up their own schemes.

Ms Constance announced the funding allocations on a visit to the West Lothian Credit Union in Livingston. She said:

“Credit unions provide safer and more secure opportunities for people to borrow money and are an alternative to pay day lenders, so it’s only right that we should highlight their benefits to people from a young age.

“This funding will help credit unions set up schemes which will bring maths to life and give children an understanding of the importance of saving and managing money.

“Through the scheme and our new Junior Savers toolkit, credit unions will be able to work with schools to raise awareness of money issues. This early work can help to change behaviour, and ultimately play a role in our efforts to reduce inequalities.”

To obtain a list of credit unions in your area, click on to www.scotlandsfinancialhealthservice.gov.uk and type in your post code, at the bottom of the home page.

If you are experiencing financial difficulties and would like free and impartial advice, Telephone Scotland's Financial Health Service on 0800 707 6696.